Dossier
Josh James
Coverage of Josh James in the Nexus archive.
- Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work
Progress Software is acquiring Domo's AI and data business for $400 million, allowing Domo to remain a separate publicly listed company led by founder Josh James. The remaining Domo entity holds $246 million in cash and tax-loss assets, with plans to explore value-generating transactions or shareholder returns.
- How Domo went from a $2.8 billion darling to fighting for its survival
Domo, once valued at $2.8 billion, faces financial and leadership crises, including CEO Josh James' arrest for drunken driving, executive departures, and a 80% decline in share price. The company now seeks a sale to meet loan covenants and address $137 million in debt.